Let us monitor the exchange rates for you. When the currency markets are not at the desired level and your currency transfer requirement is not immediate. You can target an exchange rate if you believe the currency markets will improve.
Our industry leading technology allows us to setup Limit and Stop Loss Orders. The whole process is fully automated, running 24/7, so you will not miss out when the currency markets trigger the target rates.
There are two types of Market Order;
Limit Order
With a limit order you set an exchange rate above current levels, once the currency markets reach the selected date, your international currency transfer is automatically triggered.
Stop loss Order
With a Stop Loss Order you set the minimum exchange rate at which you are willing to trade. The minimum is normally below current market levels.
Both Limit Orders and Stop Loss Orders are usually used at the same time as they allow you to quickly take advantage of a favourable movement in the market while protecting against the market moving in an adverse direction.
Working out what is the best way to make an international money transfer can be daunting – industry jargon, keeping up-to-date with what’s impacting or likely to influence currency markets, and not forgetting regulations and country laws.
Our Currency Experts would be pleased to help you secure your target rate of exchange. To speak to a Currency Expert – contact us.
